Guar seed futures gain on spot demand
New Delhi, Nov 23 (PTI) Guar seed prices on Thursday increased by Rs 6 to Rs 5,624 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 6 or 0.11 per cent to Rs 5,624 per 10 quintals with an open interest of 73,385 lots.
According to marketmen, speculators raised bets, tracking a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices. PTI SHW MR
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